Conservatives would scrap stamp duty, Badenoch announces

In her annual conference speech, Liz Truss, the Conservative Party leader, announced plans to scrap stamp duty, a tax paid on property purchases, if her party wins the next general election. Truss argued that this move would help millions of people buy their first home, making home ownership more accessible. The stamp duty, which can add thousands of pounds to the cost of a house purchase, has long been a point of contention for many homebuyers. Truss' proposal aims to address this issue and make the housing market more affordable, particularly for first-time buyers. The announcement is part of the Conservatives' broader policy agenda, which aims to boost economic growth and support the aspirations of working families. However, critics have raised concerns about the potential impact on government revenue and the broader housing market. Overall, the proposal to scrap stamp duty is a significant policy announcement from the Conservative Party, which aims to make home ownership more accessible for millions of people.